Icebreaking tanker features advanced automation
JUNE 1, 2017 — Finland’s Valmet Oy will supply automation for an arctic icebreaking NB 515 tanker for demanding conditions being built by Arctech Helsinki Shipyard Inc. in Finland. “This tanker is
tanker
Frontline fires another salvo in DHT takeover battle
MAY 15, 2017 — John Fredriksen controlled tanker owner Frontline Ltd (NYSE/OSE: FRO) is persisting with its efforts to gain control of DHT Holdings, Inc.(NYSE: DHT). Those who have been following ding
TEN reports profitable first quarter
MAY 12, 2017 — Athens headquartered tanker operator Tsakos Energy Navigation, Ltd (NYSE: TNP) reported results for the quarter ended March 31, 2017 that saw revenues, net of voyage expenses, reach $108.2
DHT say no to latest Frontline approach
MAY 7, 2017 — “We did not build this company simply to hand it over to you on the cheap,” the Board of tanker owner DHT Holdings, Inc. (NYSE: DHT) says in
Frontline to DHT: Spit out the poison pills and listen
APRIL 26, 2017 — John Fredriksen controlled Frontline Ltd. (NYSE/OSE: FRO) reports that it has now made another offer for DHT Holdings, Inc. (NYSE: DHT) and DHT has reported that it has
DHT Holdings sells 2001-built VLCC
MARCH 17, 2017 — DHT Holdings, Inc. (NYSE:DHT) reports that it has entered into agreement to sell the DHT Ann, a 2001 built VLCC, for $24.8 million. The sale is in accordance
Stena Bulk buys out partner’s share in Stena Weco
MARCH 10, 2017 — Tanker operator Stena Bulk has agreed to purchase the 50% of the shares in Stena Weco held by its partner, Denmark’s WECO Shipping, part of the privately owned
Spurned again by DHT, Frontline goes bargain shopping
FEBRUARY 28, 2017 — John Fredriksen’s Frontline Ltd. (NYSE/OSE: FRO) today reported unaudited results for the quarter and year ended December 31, 2016. The company reported net income of $18.3 million, or
Environmental regulations to shape tanker market
FEBRUARY 25, 2017—Over the next five years, international environmental regulations will have a major impact on the tanker market, according to a recent report by marine transport advisors McQuilling Services, LLC. In
Jury finds two Aegean engineers guilty in magic pipe case
FEBRUARY 23, 2017 — A federal jury in Charleston, South Carolina, late yesterday convicted two chief engineers of the vessel, T/V Green Sky, of falsifying documents in order to conceal illegal discharges